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(PATELENG) Patel Engineering complete technical analysis [charts+indicators] | Buy/Sell Patel Engineering | (PATELENG) share price targets

Complete technical analysis of Patel Engineering (PATELENG) by charts plus indicators, forecast predictions and share price targets for Patel Engineering (PATELENG)

Patel Engineering trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-11-19 View latest technical analysis

10 day averaged volume of Patel Engineering is 5880490

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	53.32	53.29	54.40	52.75	1.066 times
18 Mon Nov 2024	52.80	51.50	53.79	51.06	1.405 times
14 Thu Nov 2024	51.12	51.70	52.75	50.95	1.469 times
13 Wed Nov 2024	50.01	48.42	51.97	46.90	3.391 times
12 Tue Nov 2024	49.00	50.50	50.97	48.60	0.354 times
11 Mon Nov 2024	50.21	51.20	51.20	49.98	0.435 times
08 Fri Nov 2024	51.50	51.50	52.30	50.69	0.521 times
07 Thu Nov 2024	51.67	52.64	53.25	51.52	0.731 times
06 Wed Nov 2024	52.64	51.00	52.75	50.83	0.656 times
05 Tue Nov 2024	50.80	49.98	51.25	49.84	0.463 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53.9, for a target of 52.2 or 50.69

Share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Target	46.25
Downside Target	49.84
Downside Target	50.96
Downside Target	52.28
Upside Target	54.40
Upside Target	55.12
Upside Target	55.76
Upside Target	55.84
Upside Target	58.10
Upside Target	59.98
Upside Target	62.80
Upside Target	70.00

Intraday share price targets for Patel Engineering (PATELENG)

Target Type	Value
Downside Intraday Target	51.45
Downside Intraday Target	49.59
Upside Intraday Target	54.79
Upside Intraday Target	56.27
Downside Intraday Target	52.93

Weekly technical analysis of Patel Engineering (PATELENG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	53.32	51.50	54.40	51.06	0.437 times
14 Thu Nov 2024	51.12	51.20	52.75	46.90	1.916 times
08 Fri Nov 2024	51.50	52.08	53.25	49.84	0.981 times
01 Fri Nov 2024	52.08	47.71	52.28	46.25	0.666 times
25 Fri Oct 2024	47.64	55.48	55.76	46.86	1.084 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Patel Engineering (PATELENG)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	53.32	51.74	54.40	46.90	0.658 times
31 Thu Oct 2024	51.56	56.99	58.10	46.25	0.61 times
30 Mon Sep 2024	57.00	59.50	62.80	55.12	1.001 times
30 Fri Aug 2024	57.21	59.70	59.98	50.96	0.76 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Patel Engineering (PATELENG)

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Patel Engineering ( (PATELENG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Patel Engineering stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Patel Engineering in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Patel Engineering Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Patel Engineering in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Patel Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.24 and Patel Engineering (PATELENG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Patel Engineering (PATELENG) stock. Volume based technical analysis of Patel Engineering (PATELENG) stock is negative.

Patel Engineering Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.